Blockchain technology has made great strides over the past few years speeding up processes like AI and smartphones. Studies found that improvements in technology are beneficial in classrooms and that technology has the ability to better manage accountability, transparency and overall educational experiences. Partnerships between governments and private sector can also lead the way to boost nationwide education and employment. African Operations Director of blockchain engineering company IOHK, John O’Connor joins CNBC Africa’s Zinathi Gquma to explore blockchain technology and how partnerships with governments can help improve quality of life.
In the global shift of all kinds of educational institutions to virtual environments, new risks and challenges propagate. However, connecting blockchain systems to the way these schools manage students’ personal and financial data can be the solution the modern world needs.
Blockchain offers secure accreditation, collaboration, and data sharing on a decentralized platform that could accommodate students all over the world. At the same time, the use of these systems will give students a transparent look at the future of data communication, better preparing them for their own professional futures.
Until we educate people about the endless possibilities that emerging technologies could offer, mass adoption will be hard to achieve. That is why it is essential to bring these technologies and the knowledge about them to younger generations, where real transformations can and should be gained.
I would like to remind the young, ambitious blockchain community that a goal without a plan is just a wish, and you never fail until you stop trying. This industry is still in its infancy and is so ready for ambitious ideas to become a reality.
The crypto revolution is driven by “rockstars,” visionaries who often lack an academic background. Their ideas of decentralization and openness are refreshingly anti-systemic and optimistic. Still, these visions are only possible thanks to the work of generations of scientists who laid down the foundations of current crypto protocols decades ago, and continue developing them today. The shape and form that the crypto revolution takes will be the product of dreams and ideologies on the one hand, and peer-reviewed research and development on the other — in equal measure.
For education to be successful in transforming our global community, it must be accessible – and that is what open-source technologies bring to the world of learning. By definition, open-source software has freely available code that can be redistributed and modified without limitation. Unlike closed-source software, which does not share its code and must be licensed, open-source software alleviates one of the most pressing barriers to education across the globe: cost.
I have started learning more about decentralised platforms and blockchain, decentralized learning & education can get new dimensions with the help of the decentralised web. A community like – Ongoing Learning Journey – can really change the way we look at learning and education. This will remove the dependency of having a central authority and make the learning more flexible and learner-centric. Blockchain technology will help in decentralizing education.
Blockchain has been receiving considerable attention from a score of industries and audiences due to its promises of immutable, decentralized, and verifiable data management. Despite these characteristics offering a substantial draw for both academia and other industries, it is the social benefits of a trustless system enabling seamless peer-to-peer interaction within a decentralized network, that academic institutions have latched onto. Is there a need for blockchain adoption within universities?
Student Coin’s significant idea is to build a blockchain platform that educates students on the blockchain while offering individuals and organizations the ability to build custom tokens. To achieve these goals, Student Coin integrates two distinct blockchains Ethereum and Waves.
The ethereum blockchain enables Student Coin to offer services like an exchange, trading, and other decentralized products like staking, lending, and NFTs. At the same time, the Waves blockchain offers easy creation of custom blockchain needed to build tokens.
Thus Student Coin harmonizes the strengths of the two blockchain to create a cross-compatible system for users. Furthermore, the Delegated Proof of Stake Consensus (DPoS) is adopted and ensures blockchain security.
The 2018 Auditor General’s report on cybersecurity raised many concerns about technology in schools. Many — if not most — Ontario school boards struggle to grasp the basic concepts of cybersecurity and privacy, let alone ensure that teachers are properly educated to protect student information. The report reveals that a surprising 74 per cent of respondents indicated that they do not provide formal security or privacy training to staff who use technology at boards and schools.